Transurban to raise almost $1 billion
New Transurban chief executive Chris Lynch has moved quickly to put his stamp on the toll road operator by announcing a capital raising of up to $998 million.
Analysts slash GPT earnings outlook
GPT saw a further 11 per cent dive in its share price yesterday to its lowest level in its 37-year history, as brokers took the knife to the trust's earnings forecast for the next few years and continued to question the ability of its management.
Transurban faces selling pain as it...
The job ahead for infrastructure investment vehicles was laid out by Transurban's new CEO.
Bartolomeu Dos Santos: printmaker and...
Bartolomeu dos Santos was perhaps Portugal's most important 20th-century
printmaker.
GPT cuts income guidance to $464m
GPT Group cut its guidance for full-year operating income to $464m from $633m due to the deterioration in global credit markets.
07/07/08
Similar news about GPT Group
Rio Tinto to invest in iron ore studies
Rio Tinto Ltd will spend $A521.96 million on the expansion of its Pilbara operations to increase output to 320 million tonnes per year.
Babcock finds suitors for wind farms
Babcock & Brown's wind power affiliate may get up to $3.2b for assets, which would alleviate concern about the firm's ability to repay debt.
Lend Lease to build eco-friendly schools
Lend Lease Corporation Ltd has achieved financial close to build two eco-friendly schools in England, the company says.
Telstra gears up for ad blitzkrieg
TELSTRA'S outgoing brand chief and Sol Trujillo import, Bill Obermeier, will remain in Australia for at least two years to spearhead a "world leading" digital marketing venture to commercialise Telstra's 10 million customer base with the French-controlled advertising group Publicis Mojo.
Margin Lenders Cap Funding to Babcock
Three margin lenders stopped funding purchases of Babcock & Brown shares after a sharp drop in the firm's market value.
Orica to build ammonium nitrate plant
Explosives, chemicals and paint maker Orica Ltd will build a new ammonium nitrate plant in Indonesia for about $US550 million ($A585.85 million).
Babcock & Brown denies being in default
Babcock & Brown, which lost almost half of its market value last week, reiterates it is not in default.
Babcock denies default
Shares in Babcock & Brown rally after the troubled group says it is not in default or breach of its banking covenants.
Babcock struggles with banks
Troubled investment firm Babcock & Brown has begun meeting with its bankers, as it goes ahead with asset sales.
Rio Tinto wants more China partnerships
Rio Tinto would like to work with Chinese state firms to develop mining projects around the world, chief executive Tom Albanese says.
Babcock extends share plunge
Babcock & Brown, Australia's second-largest investment bank, plunged further, falling as much as 24% in early trading.
Woolworths fined for breaking FSA rules
Woolworths has been fined £350,000 by the Financial Services Authority for taking too long to disclose that its profits would be lower than expected.
Funds 'not affected' by Babcock review
Two satellite funds managed by besieged investment house Babcock & Brown said the review affecting their parent did not affect them or their debt position.
Rio Tinto iron ore licence in Guinea...
One of Rio Tinto's top iron ore concessions is under threat after the Guinea government revealed it was reviewing the $6bn project in Simandou, stating concerns over its legality.
Babcock Power shares dive on earnings...
Babcock & Brown Power says its earnings are likely to fall in the short term due to the disruption to gas supplies in Western Australia.
Babcock nears meltdown
Babcock management is preoccupied with surviving, plugging holes everywhere in the group's constellation of satellites.
Babcock 'in good shape' but shares sink
Babcock & Brown said its fundamentals were in a robust shape, particularly in its infrastructure business, after its shares plunged 20 per cent.
Babcock's thin lifeline
Babcock & Brown shares were smashed today, raising questions of survival, but the battered group is simply too big for the banks to let it fall - yet.
BHP executive fires latest shot at...
BHP Billiton's chief executive said Wednesday his company's development projects are more advanced than those of its takeover target Rio Tinto, the latest salvo in an argument...
Source: Red Wings award Babcock with...
Mike Babcock is returning to the bench for the Detroit Red Wings. Babcock and the Stanley Cup-winning team agreed to a three-year contract, a person in the NHL told The...
Person in NHL: Red Wings, Babcock...
Mike Babcock is returning to the bench for the Detroit Red Wings.